HK Stock Market Move | GT GOLD (08299) Rises Over 5%; Structural Support Logic for Gold Prices Remains Intact, Company's Endogenous Growth Momentum Is Strong

GT GOLD (08299) share price moved higher, rising 5.47% to HK$0.212 as of press time, with turnover of HK$6.1783 million. On the news front, US-Iran diplomatic mediation drove a sharp overnight pullback in oil prices, easing market concerns about energy inflation and further Federal Reserve rate hikes, and spot gold rebounded to around US$3,950. Institutions currently believe the structural logic supporting gold prices remains unchanged, central banks of various countries are still continuously purchasing gold, and the de-dollarization trend has not reversed. Goldman Sachs' research team maintained its end-2027 gold price target of US$5,400 unchanged. It is worth noting that the company's own endogenous growth momentum is strong. The technical transformation of Taizhou Mining has entered its final stage, and the new 1,000-ton/day ore processing plant is scheduled to be completed before the end of this year; the acquisition of the Ningshan gold mine was officially completed on June 29, and the two processing plants have a combined designed capacity of 1,500 tons/day, with potential capacity of up to 2,000 tons/day.